Our data center buildout stocks are hot — plus, 1 name to own despite China questions
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. U.S. stocks jumped and oil prices declined again Tuesday as Wall Street speculated that a ceasefire between Israel and Iran would hold. The S & P 500 advanced about 1%, while the tech-heavy Nasdaq rose nearly 1.5%. U.S. crude oil futures dropped another 5% on top of Monday's over 7% decline. "We have to sell some stuff," and book profits after such a big run higher in the stock market, Jim Cramer said. Shortly after the Morning Meeting, we sent out out trade alert on trims to our CrowdStrike and Eaton positions. 2. Wall Street loves our data center plays. Morgan Stanley analysts raised GE Vernova's price target to $511 from $422 apiece on Tuesday. HSBC upgraded chipmaker Broadcom to a buy from a hold rating. Jim pointed to Broadcom as a Club holding he would consider trimming following an "incredible run." Shares of Broadcom jumped more than 3.5% on Tuesday. GE Vernova stock edged slightly higher to just above $500 per share. Jim sees more upside for GE Vernova. "It's going to the moon," he said, but added it's not a meme stock. 3. Starbucks on Tuesday denied a media report that it's considering a full sale of its China operations. Instead, the coffee giant said in a statement that it sees "significant long-term potential in the market." China is Starbucks' second-largest market, but it has struggled as cheaper domestic rivals have been capturing market share. Still, we're not concerned and think the company's turnaround story under CEO Brian Niccol is still underway. "I continue to believe that Starbucks is a stock you want to own," Jim said. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Amgen , Visa, Lyft , and KB Home (Jim Cramer's Charitable Trust is long SBUX, AVGO, GEV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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